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171 Queen Street, City Centre

Hero | 171 Queen Street, City Centre | Apartment Specialists
171 Queen Street, City Centre
  • This location has been autonomously mapped, it may not be exact.
171 Queen Street, City Centre
$289,000
1
1
27m2

PRICE REDUCED FOR A QUICK SALE!

SOLID BUILDING. HIGH YIELDING. FREEHOLD.

If you’re looking for an investment with great returns, look no further!

With an impressive 9% gross yield in the 2019-2020 year (at listing price), this immaculately presented freehold apartment is primed for performance.

Located in the prestigious 4.5-Star City Life Hotel complex, this apartment comes fully furnished to a high standard and has a stylish kitchenette - rare for studio apartments in this complex. The building itself is very well-managed and includes a heated indoor lap pool, gym, restaurant and secure reception area.

Featuring:


** Chic stylish furnishings and artwork.
** Kitchenette with portable cooktop, microwave, fridge and washer/dryer.
** Self-controlled air-conditioning and heating.
** Well-managed building inside the prestigious 4.5-Star City Life Hotel.
** Quiet, solid building set back from the main street.
** Access to a heated indoor lap pool, gym and onsite restaurant.
** Secure, safe access with 24/7 reception area.
** Close to everything the Auckland CBD has to offer.

And the numbers…

** An impressive 9% gross yield, or 7.4% nett of BC levies and rates (2019-2020).
** Subsidised electricity – average cost of around $25/month.
** SKY TV at no extra cost.


This apartment is currently rented short term – with all systems set up for hands-off investing. It could also be rented long term, used as a swanky crash pad for the new owner, or a bit of each!

The current owner has left Auckland and is keen to sell!

BE QUICK! CALL US FOR A PRIVATE VIEWING NOW!

Facts & Features
Title Type
Freehold
Rates
$1013.97
Body Corp Fees
$3456.96
Rental Appraisal
$380-$430 /week
Estimated Net ROI
5.74%
Pets
No Pets
Peter Lambe | 171 Queen Street, City Centre | Apartment Specialists

Peter Lambe




Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).

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    This location has been autonomously mapped, it may not be exact.

    171 Queen Street, City Centre

    $289,000